Westfield Capital Management Co Lp buys $167.5 Million stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Westfield Capital Management Co Lp scooped up 259,906 additional shares in Palo Alto Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,278,956 shares of Palo Alto Networks Inc which is valued at $167.5 Million.Palo Alto Networks Inc makes up approximately 1.29% of Westfield Capital Management Co Lp’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp sold out all of its stake in PANW during the most recent quarter. The investment firm sold 27,131 shares of PANW which is valued $3.6 Million.Bessemer Group Inc boosted its stake in PANW in the latest quarter, The investment management firm added 1,116 additional shares and now holds a total of 16,076 shares of Palo Alto Networks Inc which is valued at $2.1 Million. Palo Alto Networks Inc makes up approx 0.01% of Bessemer Group Inc’s portfolio. Harfst Associates sold out all of its stake in PANW during the most recent quarter. The investment firm sold 100 shares of PANW which is valued $13,614.Great West Life Assurance Co Can boosted its stake in PANW in the latest quarter, The investment management firm added 3,459 additional shares and now holds a total of 39,651 shares of Palo Alto Networks Inc which is valued at $6 Million. Palo Alto Networks Inc makes up approx 0.02% of Great West Life Assurance Co Can’s portfolio. Emerald Mutual Fund Advisers Trust sold out all of its stake in PANW during the most recent quarter. The investment firm sold 1,318 shares of PANW which is valued $198,847.

Palo Alto Networks Inc closed down -0.42 points or -0.29% at $145.69 with 15,29,291 shares getting traded on Wednesday. Post opening the session at $146.37, the shares hit an intraday low of $143.39 and an intraday high of $147.42 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Palo Alto Networks Inc reported $0.42 EPS for the quarter, based on the information available during the earnings call on May 26, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $345.80 million for the quarter, compared to analysts expectations of $339.86 million. The company’s revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Palo Alto Networks Inc. Shares were Reiterated by Dougherty & Company on May 27, 2016 to “Buy” and Lowered the Price Target to $ 200 from a previous price target of $215 .Shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Outperform” and Lowered the Price Target to $ 185 from a previous price target of $195 .Palo Alto Networks Inc was Downgraded by Needham to ” Hold” on May 27, 2016.

Palo Alto Networks Inc. is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall its Advanced Endpoint Protection and its Threat Intelligence Cloud. The Company’s Next-Generation Firewall delivers application user and content visibility and control as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Company’s Threat Intelligence Cloud provides central intelligence capabilities security for software as a service (SaaS) applications and automated delivery of preventative measures against cyber-attacks. The Company’s PAN-OS operating system contains App-ID User-ID site-to-site virtual private network (VPN) remote access secure sockets layer (SSL) VPN and Quality-of-Service (QoS).

Leave a Reply

Palo Alto Networks Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Palo Alto Networks Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.